Dec 10, 2024 (MENAFN via COMTEX) --
(MENAFN) Turkiye's benchmark stock index continued its upward trend on Monday, closing higher for the ninth consecutive session at 10,257.39 points, marking a 1.75 percent increase from the previous day. The Borsa Istanbul BIST 100 index gained 176.39 points, with a trading volume of 120.1 billion liras (USD3.45 billion).
Over the course of the week, the index saw a notable 4.44 percent increase, closing on Friday with significant gains. These continued upward movements reflect investor confidence in Turkiye's financial markets, signaling strong market momentum.
As of 6:23 p.m. local time (1523GMT), the price of an ounce of gold stood at USD2,690.54, while Brent crude oil was priced at approximately USD72.54 per barrel. These commodity prices have been stable, contributing to the overall market environment.
The exchange rates also reflected fluctuations, with the US dollar/Turkish lira rate at 34.8205, the euro/lira at 36.8311, and the British pound trading at 44.5082 liras. These rates provide insight into the currency dynamics affecting the Turkish economy and financial markets.
The consistent performance of the BIST 100 index suggests positive sentiment in Turkiye's stock market, fueled by investor optimism and economic factors. The market's growth is expected to continue, pending any significant changes in global or domestic economic conditions.
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COMTEX_460702369/2604/2024-12-10T16:26:28
